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Key areas of study include staffing, training and development, performance management, leadership, and compensation and benefits.
#Best majors for business careers how to#
This specialization teaches students how to design and implement programs for the effective management of an organization's employees. Market research analysts also help companies identify trends in public taste. Studies market conditions to determine potential sales of products and services. These professionals also monitor trends and contribute to product development. Marketing ManagerĬoordinates marketing policies to create demand for products and services and develops pricing strategies to maximize profits. Coursework includes consumer behavior, international marketing and marketing communications. This specialty combines economic analysis with the practical aspects of business to prepare students to adapt to rapidly changing environments involving products, markets and technology. These professionals manage investments on behalf of both individuals and corporations. Duties include securing financing, negotiating projects, handling zoning or legal issues, and participating in public hearings.Īcquires, operates, maintains, and disposes of assets in a cost-effective manner. Purchases land, prepares it for development, and manages the construction process. Coursework covers topics such as business communications, real estate investment, and real estate law. Works to ensure organizations are effective, efficient, and compliant with laws and industry regulations.įor those with an interest in one of the largest industries in the world, this concentration focuses on the skills and knowledge applicable to residential and commercial real estate, including mortgage lending, legal practices and financial markets. Financial managers are responsible for the overall financial health of an organization. Produces financial reports, directs investments, and develops strategies to achieve long-term financial goals. Coursework includes financial management, business systems, business analysis and decision making. This concentration arms students with the skills and knowledge to work in government or the private sector as teachers, consultants and leaders in business. The following are examples of concentrations in business and the specific careers they can lead to. Whether they have a head for numbers or a flair for marketing, students pursuing business degrees have numerous options in choosing a specialization that will best fit their strengths and preferences. Successful professionals know how to examine variables and understand the consequences of various courses of action, and then make the best decisions for the organization. Problem Solving Being able to find creative and effective solutions to problems is essential, especially at the managerial level. It's vital to be able to sort through information, understand its implications, and then apply it effectively. Analytical Business professionals are inundated with information of all kinds. Detail-Oriented When a missed email can mean the loss of a client, and sloppy record-keeping can wreak havoc on the books, an eye for detail may mean the difference between a business's success or failure. Organizational Because working in the business world involves the management of large amounts of information and documents, as well as jugging multiple tasks, business professionals must develop an organizational system to keep things straight, as well as know how to set priorities and manage their time. Successful professionals share some of the following skills: Professionals who have a firm grasp on the necessary skills, and the ability to use them effectively in the workplace, may have an easier time climbing the corporate ladder and reaching positions that require more responsibility and pay higher salaries. It's possible to build a career in management in virtually any industry, from real estate to retail, but it's a process that requires nurturing a comprehensive skill set.
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Top Skills for a Career in Business Management Because the field of business is so broad, it's worth exploring the different career paths and specializations available, what types of careers are emerging, and the skills or certifications necessary for various positions. Bureau of Labor Statistics predicts more than 600,000 new jobs in business management by 2024, opening up opportunities for those with a passion for investments, real estate, marketing and human resources. Business Management Careers List and Salaries